Cost of Living in Bay, AR
Housing
The housing market plays a significant role in determining the cost of living in Bay, AR.
- Housing Index: 86.4 / 100
- Median Home Price is: $134,000
- Average Rent (2 BR Apartment): $1228 per month
- Average Rent (2 BR House): $1335 per month
Based on the data provided for Bay, AR, the housing index is quite telling: a value of 86.4 suggests a lack of housing market competitiveness or availability. With a median home price of 134000, purchasing a home appears feasible, especially if you're looking for affordability. However, with both the average rents for a 2-bedroom apartment and a house standing at 1228 and 1335 respectively, this indicates potential rental shortages. Given these trends, consider the overall livability and amenities of the neighborhood along with housing affordability when making your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Bay, AR.
- Electricity Price: $12.36 USD (median by state)
- Natural Gas Price: $17.08 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $208 per month
Living in Bay, AR could entail higher utility costs. Electricity costs sit at $12.36, while natural gas is priced at $17.08 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $208 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bay is a financially viable option for your relocation.